A Miami-area collections company backed by litigation-funding investors has won another appellate court victory over insurers, persuading a panel of the 11th Circuit Court of Appeals to reinstate Medicare Secondary Payer Act claims that were rejected by the trial court. …
Insurers are applauding a decision by the chief judge for the U.S. District Court in Delaware to require parties to disclose whether a litigation funder has an interest in any cases brought before him. The standing order issued on Monday …
A new advocate group in New York that counts the American Property Casualty Insurance Association (APCIA) as a member is looking to crack down on the practice of litigation funding. The Consumers for Fair Legal Funding (CFLF) said it is …
The collapse of a Miami-area condominium tower and efforts to achieve a fair resolution for the victims was the Claims Journal’s top story in 2021. Readers were also keenly interested in court rulings involving litigation by policyholders seeking coverage for …
Swiss Re said in a report released Thursday that litigation funding has become a $17 billion industry globally, with 52% of that money being spent in the United States. The reinsurer said third-party litigation funding (TPLF) is increasing the number …
Two major investors in PG&E Corp. are also backing a loan to one of the law firms suing the bankrupt California utility on behalf of thousands of wildfire victims. Centerbridge Partners LP is the among the 20 biggest shareholders in …
When shares of AMP Ltd. plunged earlier this year after the firm was engulfed in a fee-for-no-service scandal, the Australian wealth manager was hit within weeks by the first of five separate class action lawsuits. It wasn’t just the seriousness …
Federal prosecutors in Atlanta, Ga., say a former lawyer used the identities of three dozen former clients without their knowledge to apply for fraudulent litigation advances. Prosecutors said in a news release Monday that Chalmer “Chuck” Detling II, was indicted …
The billionaire George Soros has found a new way to make money from personal injury lawsuits. Soros Fund Management is pushing into a branch of litigation finance that few hedge funds have entered. His family office is bankrolling a company …
Tennessee would become the first state in the country to enact legislation limiting the rate of interest that could be charged by “lawsuit financers” if Gov. Bill Haslam signs recently adopted legislation, according to the National Association of Mutual Insurance …